banner_ad

Interest deduction

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 January 2013 A PERSON HAS TAKEN LOAN FOR PURCHASING A FLAT WHICH HE WILL USE FOR RESIDENTIAL PURPOSES?
WHAT WILL BE THE AMOUNT OF INTEREST DEDUCTION?
IF HE HAS TAKEN 1 MORE LOAN FOR PURCHASING 1 MORE FLAT,THEN HOW MUCH DEDUCTION WILL BE ALLOWED, WHAT IF THIS PROPERTY IS LET OUT?
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
02 January 2013 1. INTEREST PAID OR RS. 1, 50,000/- WHICH EVER IS LOWER. IN CASE OF SELF OCCUPIED FLAT.
2. HE CAN AVAIL THE ACTUAL INTEREST ACCRUED ON THE LOAN ON LET OUT PROPERTY WITHOUT DISTURBING THE 1.50 LAC LIMIT IN RESPECT OF SELF OCCUPIED HOUSE.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details